Recent Examples of seller's market from the Web
Story from Carpenter Realtors: Readiness and resilience key to finding your home in a seller's marketDrive Traffic to It To maximize the benefits of an Open House, the right people have to show up.
Those who track the housing data say inventory is low for homes under the half a million dollars, making for a seller's market.
Now, in a seller's market, songwriters are routinely seeing multiples of 10-12 times NPS and, in some cases, a multiple of up to 16 for their copyrights.
The remaining top seller's markets are the metro areas of Sacramento, Austin, Raleigh, N.C., Tucson and Denver.
Now, in a seller's market, songwriters are routinely seeing multiples of 10 to 12 times NPS and, in some cases, a multiple of up to 16 for their copyrights.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'seller's market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of seller's market
Financial Definition of SELLER'S MARKET
What It Is
A seller's market exists when there are more sellers than buyers in the market for a certain good or service.
How It Works
Housing is a common place to find a seller's market. Let's say that ABC Town has 100,000 homes and that 3,000 of those homes are for sale. A big manufacturing plant in ABC Town is opening, drawing thousands of people to the town for new jobs. These people want to buy houses and move to ABC town, so they start competing for the 3,000 houses for sale.
Very few people are moving out of ABC Town right now. Accordingly, the few people who are interested in selling a home in ABC Town have the upper hand. There are more buyers than sellers, making ABC Town a seller's market.
Why It Matters
In a seller's market, a seller often can sell goods and services at a higher cost. In our example, a seller's market means that a lot of buyers are competing for houses, and they are therefore more likely to pay more money for their homes. This can translate into big profits for sellers, who might also be able to dictate other terms of the deal (such as who pays the closing costs).
SELLER'S MARKET Defined for English Language Learners
Definition of seller's market for English Language Learners
: a situation in which few things of the same kind are for sale, prices are high, and sellers have an advantage over buyers
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